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question 39

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The following information pertains to questions
On January 1,2000,X Inc.purchased 12% of the voting shares of Y Inc for $100,000.The investment is reported at cost.X does not have significant influence over Y.Y's net income and paid dividends for the following three years are as follows: The following information pertains to questions  On January 1,2000,X Inc.purchased 12% of the voting shares of Y Inc for $100,000.The investment is reported at cost.X does not have significant influence over Y.Y's net income and paid dividends for the following three years are as follows:   -What would be the carrying value of X's Investment in Y at the end of 2002? A) $100,000 B) $98,800 C) $90,000 D) $91,200
-What would be the carrying value of X's Investment in Y at the end of 2002?


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